Next Target CEO Michael Fiddelke started as intern, rose up ranks over 22 years

Next Target CEO Michael Fiddelke started as intern, rose up ranks over 22 years

Twenty-two years ago, Michael Fiddelke was a finance intern at Target. Now, he’s set to become the company’s next CEO. Fiddelke, currently Target’s chief operating officer, will take over the top position and join the board of directors on February 1, 2026, the company announced on Wednesday. He’ll replace Brian Cornell, who’s run the retailer…

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Under Trump, U.S. an active investor at scale not seen outside major crises

Under Trump, U.S. an active investor at scale not seen outside major crises

The Trump administration has taken direct stakes in companies on a scale rarely seen in the U.S. outside wartime or economic crisis, pushing a Republican Party that traditionally championed free-market capitalism to embrace state intervention in industries viewed as important for national security. Japan’s Nippon Steel agreed to give President Donald Trump a “golden share”…

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‘Quiet quitting’ is a past trend. Why workers are ‘quiet cracking’

‘Quiet quitting’ is a past trend. Why workers are ‘quiet cracking’

Maskot | Maskot | Getty Images Before employees engage in “quiet quitting,” first come signs of “quiet cracking.” “Quiet quitting” refers to the idea of an employee doing the bare minimum at work, according to ResumeBuilder. Meanwhile, “quiet cracking” is a “persistent feeling of workplace unhappiness that leads to disengagement, poor performance, and an increased…

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Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move

Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move

Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. CNBC Federal Reserve Governors Stephen Miran and Christopher Waller provided conflicting views on how quickly the central bank should lower interest rates in the face of a weakening labor market and heightened geopolitical tensions. Miran said Thursday…

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